EcoVadis, a Paris, France-based provider of a sustainability intelligence platform, acquired Ulula, a Toronto, Canada-based human rights technology and analytics company.
The amount of the deal was not disclosed.
Through the acquisition, EcoVadis seeks to eliminate information gaps from legacy mechanisms by enabling recurring, on-the-ground feedback from workers and communities on labor and human rights conditions.
In addition, With the Ulula’s proprietary platform, the EcoVadis solution suite solves three problems to get meaningful visibility on workforce practices:
- Recurring surveying and expanded sampling of workforce at scale.
- Anonymous third-party system ensuring user confidentiality.
- Accessible from any device, anytime, anywhere, and is used to fit language and cultural specificities.
Founded in 2015 by CEO Antoine Heuty, Ulula is a human rights technology and analytics company that aims to improve working conditions across global supply chains and business operations. Its technology connects organizations directly with workers and project-affected stakeholders on the ground via a variety of online and offline communication channels and in any language, ensuring that stakeholders have access to safe and secure feedback channels regardless of their network connectivity, digital literacy or language. Since its inception, its tools have been used by over 150 companies in nearly 70 countries to reach more than 4 million workers in supply chains across the globe.
EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. With global, trusted and actionable ratings, businesses of all sizes rely on its detailed insights to comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries.
Leaders like Johnson & Johnson, L’Oréal, Unilever, Bridgestone, BASF and JPMorgan are among 130,000+ businesses that use EcoVadis ratings, risk, and carbon management tools and e-learning platform to accelerate their journey toward resilience, sustainable growth and positive impact worldwide.
FinSMEs
09/09/2024